Blog - Page 6

Prospects for the oil and gas complex in the East of Russia

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The article deals with the formation of the oil and gas industry in the east of Russia in the framework of the development of energy cooperation with the countries of East Asia. The role of East Asia in the world and the main factors that will determine the most important areas of energy cooperation in this region are shown. It was concluded that after the restrictions caused by the coronavirus epidemic and the economic downturn, the main countries of the region will continue to increase demand for energy. In these conditions, the volume of export of hydrocarbons from Russia will be limited by the possibility of their production and transport in our country.

V. Parhomenko Problems of forecasting and climate change

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Global climate modelling, climate warming, forecasting. act. The article discusses the problems of climate change over the past decades. It gives some projections of climate change. The study is based on a three-dimensional hydrodynamic model of the global climate. The article presents calculations of climate prediction up to 2100 using СО2 growth scenarios. The important consequences of global warming for Russia are being discussed.

A. Doguab. The Green Deal is a reality to live in

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The article is an overview of the discussion on Europe’s transition to a carbon-free economy, which took place on the sidelines of the Tyumen Oil and Gas Forum. It contains the statements of officials and top managers of oil and gas companies, analyzing the risks of such a transition for the Russian economy.

P. Bobylev. A. Semeikin Green protectionism in Europe

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The authors of the article are considering the possibility of introducing a hydrocarbon tax in Europe. The article analyzes the consequences and risks of such a step for the Russian economy, as the main supplier of energy resources to Europe. The authors also propose a set of measures to reduce the negative impact of the hydrocarbon tax on the Russian economy.

I. Artemyev Now the Economy of Oil Product Supplies is Moving in Normal Course

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The restrictions imposed by the coronavirus pandemic have strongly hit the fuel market. In the spring of 2020, oil prices had dropped to $ 10–15 per barrel, and the population's transport activity dropped to its lowest levels. The companies were forced to shut down the oil refineries for unscheduled repairs in order to prevent their complete closure. Nevertheless, fuel prices at the Russian filling stations remained at pre-crisis high values. How the Russian fuel market survived the pandemic, how badly the independent filling stations suffered, what actions were taken by the government to support the industry, what is the situation in the Far East and how the process of recovering the demand for oil products is going on, — told the head of the Federal Antimonopoly Service Igor Artemyev in an interview with the magazine “Energy Policy”.

A. Novak International Cooperation is the Way to Energy Security of the Planet

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Humanity faced the beginning of the globalization processes several centuries ago, but over the past century the pace of integration has accelerated significantly, and since the beginning of the 21st century has become truly galloping. First of all, this is facilitated by the development of telecommunication technologies, communications and transport, as well as the presence of an increasing number of common problems, tasks and challenges for the world community, including the fight against the epidemic of coronavirus infection in the recent months, as well as the fight against the economic consequences of the pandemic. This experience has once again demonstrated the necessity and even inevitability of the international cooperation in various sectors of the economy to achieve the stability.

The Perfect Storm

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We can already say that 2020 will go down in the history of oil industry alongside the crisis years of 1973 and 1986. The turmoil in the oil market probably surpasses everything that has happened to it in the retro-seeable past. It would be much easier to evaluate and analyze all the events after a while, and for sure many articles and books will be written about them, but the first conclusions and assessments can be made right now.

Not obvious, but probable: COVID-19 implications for the global oil market in four simple questions

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Despite the fact that one may observe an increase in energy prices and a recovery in demand from a number of large economies even now, the consequences of the coronavirus pandemic risk changing the global oil market well beyond the 2020 horizon. These changes may not be as obvious as they seem at first glance. Possible pathways of the market transformation are reflected below in the answers to four controversial questions about the present and future of world power industry.

Digitalization in electric power: where should the industry arrive?

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One of the key topics in recent years in the fuel-and-energy complex, including the electric-power industry, has been the industry’s digitalization. Companies are implementing the first pilot projects, trying to optimize their usual way of doing business. At the same time, the objective of the Russian Ministry of Energy is to create favorable conditions for the application of new technologies, to give the industry impetus for the introduction of digital solutions and transition to new business models. An explosion in workforce productivity will become the indicator of success.

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